Concerning budget stabilization account transfers.
HB 1471 transfers $1.63 billion from Washington's budget stabilization account to the state general fund to support critical health, welfare, and public safety services in fiscal year 2026. It requires the state treasurer to repay the full amount by transferring $816 million to the stabilization account on June 30, 2028, and another $816 million by June 30, 2029. The bill ensures these transfers do not disrupt future budget balancing requirements. This directly affects state service funding for all Washington residents during the 2026 fiscal year.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 12, 2026
Last action Jan 12, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
Jan 12, 2026
Introduced
By resolution, reintroduced and retained in present status.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Timm Ormsby
DDemocratic
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